BlackRock Looks Solid; Citi Reiterates Buy Rating

Against the backdrop of BlackRock, Inc. BLK's third investor day, Citi's William Katz remains bullish on the stock and maintains his buy rating.

Katz remains positive on BLK as the company's "technology, globality, scale, and solutions orientation position the firm well ahead of peers in the increasingly elusive search for growth." The analyst views the recent weakness in stock as perfect entry point.

BlackRock's management reiterated their 5 percent long-term organic growth. Katz expects growth to be primarily driven by iShares and Global Retail.

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One of BlackRock's main focus is technology as it is focused on "increased distribution offerings from new FutureAdvisor acquisition" along with improvements to Aladdin and Scientific Equity, Katz noted.

BlackRock differs from its peers in that it is outcome and solution driven. This approach will lead to further cross-sell opportunities, as the combination of FutureAdvisor and Aladdin risk and technology offerings are opening more doors for the company's investment sector.